Disclosure as to Deposits Qualified for Protection by the Deposit Protection Scheme
The following types of deposit (“Protected Deposits”) maintained with Bank Julius Baer & Co. Ltd., Hong Kong Branch are deposits qualified for protection by the Deposit Protection Scheme in Hong Kong:
1. Cash balances maintained in current account;
2. Call Deposit;
3. Savings Deposit;
4. Secured Deposit; and
5. Time Deposit.
Please note that Protected Deposits do not include:
(a) a term deposit where the current term agreed to by the depositor at the most recent time it was negotiated exceeds 5 years;
(aa) a structured deposit;
(b) a deposit the repayment of which is secured either in whole or in part on our assets;
(c) a bearer instrument;
(d) a deposit taken by us at any offices outside Hong Kong;
(e) a deposit held for the account of the Exchange Fund;
(f) a deposit held by an excluded person in his own right, or, in the case of a deposit held by an excluded person and a non-excluded person in their own right (except where those persons carry on business in partnership), the portion of the deposit attributable to the excluded person's share in the deposit;
(g) a deposit held by a depositor as a bare trustee for an excluded person, or in a client account for an excluded person as the depositor's client, or, in the case of a deposit so held for an excluded person and a non-excluded person (except where those persons carry on business in partnership), the portion of the deposit attributable to the excluded person's share in the deposit;
(h) a deposit held by a depositor as a trustee for an excluded person only.